42% national sales tax? Yep that would work, hilarious!

I vaguely remember Bernie talking about a "modest 4% increase" in personal income tax to support national healthcare. I pay probably closer to 6-8% of my income so 4% is actually a significant improvement over the garbage private stuff we have now.

However, this article makes it sound bad:

Other options include a 32% payroll tax split between employers and workers or a 25% income surtax on everybody. Or, the government could cut 80% of spending on everything but health care, which would include highways, airports and the Pentagon. Or here’s a good one: Just borrow the money and quadruple Washington’s annual deficits.

The best idea might be charging every enrollee in the new program $7,500 per year, so they’d be paying directly for the coverage they’re getting. Some people pay more than that now for health care, by purchasing insurance outright or sacrificing pay raises in exchange for employer coverage. It would still be a nifty trick to propose that to voters.

The upside to these impossibly draconian scenarios is that nobody would pay anything for health care, except in the $7,500 example. And it’s possible that Medicare for All would cover health care for more people at a lower total cost than we spend now, meaning the average cost per person would go down. The problem is transitioning from what we have now to whatever Medicare for all would be. And it’s a giant problem, like crossing the Mississippi River without a bridge or a boat. The other side might look great but you’ll die before you get there.
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This would never work. In fact, these numbers seem entirely fictional. This entire thing reads like a Republican hit piece. Whatever happened to good journalism? Where are the citations to speeches from these Democrats?

It would be nice if ole Ricky Newman wasn't an RNC shill and actually wrote something that resembled journalism.
 
It's like , guys, you should start doing something about inheritance taxes instead of attacking small business & creating fairy tales about universal income.

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Here's the full list :

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Tsing Tao said:
People would pretty much stop buying anything discretionary.
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I just skimmed the thread title, thinking it was some top tier income tax rate, wtf!

42% sales tax!!!! Yes sir, no ones buying anything other than groceries.
 
A 42% tax would increase prices on food, medicine, doctors with private practices, car repairs, etc. We would all be bankrupt in a Socialist State! Of course, those at the top like Pocahontas Warren will be beating the tom toms celebrating being a billionaire, and owning everything the state owns in assets! The rest of us get squat and equal misery and poverty!
 
Wallet said:
I just skimmed the thread title, thinking it was some top tier income tax rate, wtf!

42% sales tax!!!! Yes sir, no ones buying anything other than groceries.
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The reason why I posted this is because it's never ever ever going to happen. Its totally hilarious to even fathom such a thing. I put it out there for a good laugh.
 
Wallet said:
I just skimmed the thread title, thinking it was some top tier income tax rate, wtf!

42% sales tax!!!! Yes sir, no ones buying anything other than groceries.
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Currently groceries and clothing are essentially tax free, wonder if this changes that or not.
 
Tsing Tao said:
Currently groceries and clothing are essentially tax free, wonder if this changes that or not.
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They should be, Oklahoma, sad to say, is one of the few states that tax groceries. They do have a tax-free day/weekend just before school starts for school supplies and clothing.

I would be in favor of a VAT over income, but I'm not naive enough to believe they’d stop there - we’d have both before long.
 
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